The first Iraqi Oil (it wasn't about OIL) has been loaded on a Turkish Tanker and headed off to the refinery and then on to market. Air-conditioning, running water, sewage and other services are still lacking in Baghdad and elsewhere, but damn, that OIL is flowing.
Iraq returned to the world oil market Sunday, exporting its first crude oil since the U.S.-led invasion, a step crucial for paying for the country's reconstruction.
... Money from Iraq's oil sales will go into a U.S.-controlled fund dedicated for reconstruction. Iraq, which has the second largest oil reserves in the world, is in desperate need of funding to repair battered infrastructure - including its oil facilities - and rebuild an economy devastated by more than 12 years of U.N. economic sanctions.
Translation: the money heads straight off to to ChenyBurton, Bechtel and Carlyle coffers with a brief stopover at the RNC offices for a bit of fondling. Any work done in Iraq will be done whenever it's deemed economically feasible by the no-bid corporations who have the contracts. Indeed, why bid when your friends make sure the money heads your way, no matter how badly you might perform?
After all, we would not want to deprive them of too much interest on their no-bid "death-driven" income by keeping all those petrodollars in Iraq.
posted by Jo Fish on 06.22.03 at 10:37 AM
Comments:
Welcome to the RTB fellow Democrat.
I enjoyed reading your blog this morning and I hope you enjoy mine.
It is nice to see some balance in the brigade.
welcome aboard.
And we got to control how much that got blown up (as well as not stopping the looting afterwards)
The only way to perfect the cycle would be after the reconstruction is done, install a regime that wants us to leave, we leave for a year, then return to blow it all up again.